News
Ping An denies news of takeover move: Report
The insurer denied taking a controlling stake in the troubled Country Garden.
Ping An denies news of takeover move: Report
The insurer denied taking a controlling stake in the troubled Country Garden.
Munich Re records $3.9b profit in 9M23
The German reinsurer has been following the new reporting standards IFRS 9 and 17.
AXA XL appoints new CUO for APAC, Europe
She has extensive experience as an environmental liability underwriter.
Manulife HK, Macau’s APE sales and core earnings grew more than half YoY
Higher demand in the mainland prompted this robust growth.
bolttech boosts international collaboration with telecoms
This collaboration aims to provide device insurance for European mobile operators.
Coal asset stranded risk grows amid insurance coverage challenges: WTW
WTW’s report highlights the struggle between energy security, affordability, and sustainability, leading to continued volatility in the power sector.Â
Singlife receives $179.9m capital injection from Sumitomo Life
With 23.68 million new shares, Sumitomo Life now owning a 27.001% share.
WTW opens APAC Climate Risk Centre in Singapore
It concentrates on evaluating and quantifying both physical and transition climate risks.
Coalition inaugurates its first active cyber insurance in Australia
It hopes to fortify businesses’ cyber defences.
The lack of available resources forces asset owners to remain on legacy tech: Survey
More than half of asset owners, including insurers, still utilise spreadsheets for monitoring assets.
Global M&A claims surge despite smaller deal volume: Report
In 2022, the largest claims still originate from accounting and financial issues.
APRA corrects audit standards for life insurers
The amendments were minor changes to level of assurance required for two reporting standards.
Taiwan’s FSC approves 197 spillover-effect insurance products from 13 insurers
These products accumulated 846,835 new contracts.
HKIA imposes five-year ban on ex-insurance agent
The former agent mishandled and misappropriated premium payments from two policyholders.Â
Miller names new lead for Financial Lines, Asia
William Seccombe will focus on forming a team of experts to boost Miller’s offering.
AXA’s 9M’23 revenue inches up 2%
It accumulated EU78.8b in gross written premiums and other revenues.
ASEAN segments drive AIA’s Q3 VONB, jumps 35% YoY
VONB growth was observed in Mainland China, Hong Kong, ASEAN, and India.
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Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
![Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential]()
Insurance
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
